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If you are in default on your mortgage or facing foreclosure, you may be targeted by a foreclosure rescue scam. The FTC wants you to know how to recognize the telltale signs and report them. If you are faced with foreclosure, the FTC says legitimate options are available to help you save your home.
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Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams, the "criminal loan modification trap" and the Mortgage Elimination scam is now warning the public of this latest scam. When the mortgage crisis hit American homeowners full-force, companies offering "foreclosure rescue" and "loan modification" companies sprouted like weeds.
· At the Federal Trade Commission’s request, a federal court halted a sham operation that allegedly told financially distressed homeowners it would help get their mortgages modified, but instead effectively stole their mortgage payments, leading some to foreclosure and bankruptcy. The FTC seeks to permanently stop the scheme and its participants’ illegal practices.
Bait-and-Switch. In a bait-and-switch scam, con artists give you papers they claim you need to sign to get another loan to make your mortgage current. But buried in the stack is a document that surrenders the title to your house to the scammers in exchange for a "rescue" loan.
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Thanks to the housing crisis, Mortgage loan Fraud Examiners, a team of specially educated authorized specialists, was developed to provide borrowers and the authorized community with thorough support to assist them hold them in their homes.
. Mortgage Fraud Examiners&#thirteen Mobile phone: 800-540- Test (3926)&#thirteen
The FBI is expanding its wide-ranging probe of the mortgage industry. At a Senate hearing on Wednesday, FBI Director Robert Mueller said his agency is currently investigating an estimated 1,300 home mortgage fraud cases, and that the FBI’s probe into potential mortgage fraud now includes investigations into 19 separate mortgage companies.
Beware Of The Latest Foreclosure Rescue Scam–"Mortgage Elimination". Mortgage Fraud Examiners, the investigative firm who warned the public about the "criminal loan modification trap" and "useless" software audits, is now warning the public of this latest scam-"Mortgage Elimination" – PR10619994